Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 222,277 Shares of Kinder Morgan, Inc. $KMI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,050,303 shares of the pipeline company’s stock after selling 222,277 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kinder Morgan were worth $102,277,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. increased its stake in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock worth $7,964,000 after buying an additional 5,586 shares during the last quarter. Nebula Research & Development LLC acquired a new position in Kinder Morgan during the second quarter worth $1,168,000. Finally, Sei Investments Co. increased its position in shares of Kinder Morgan by 20.4% during the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock worth $25,328,000 after acquiring an additional 145,806 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.28 during trading hours on Friday, reaching $32.12. 5,991,147 shares of the stock traded hands, compared to its average volume of 9,737,879. The company has a market capitalization of $71.46 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company’s 50-day simple moving average is $32.24 and its two-hundred day simple moving average is $31.47.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KMI shares. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Citigroup raised their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial started coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Hold” and an average target price of $34.71.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,148 shares of company stock worth $742,855. Insiders own 12.72% of the company’s stock.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.